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Kremlin warns it could widen foreign company asset seizures
Kremlin warns it could widen foreign company asset seizures
Business and Economy
by  AFP

The Kremlin warned on Wednesday that Russia could widen the list of foreign companies subject to temporary asset seizures in case of the "expropriation" of Russian assets abroad. "If necessary, the list of companies could be expanded," Kremlin spokesman Dmitry Peskov told reporters, a day after President Vladimir Putin signed a decree allowing asset seizures.

Dominant US dollar faces challenge from emerging currencies
Dominant US dollar faces challenge from emerging currencies
Business and Economy
by  AFP

As the top global currency, the US dollar has enjoyed decades as the cash of choice for investors -- but it is now facing a growing challenge to that status. "In many developing countries there is desire to be less dependent on the dollar, particularly on the trade side," said Paola Subacchi, professor of International Economics at the Global Policy Institute at Queen Mary University of London.